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GTbets Offshore Betting 2020

GTbets
  • No guarantee of player protection
  • Holds no American gaming licenses
  • Players could get in legal troubles
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GTbets opened its business in Curacao back in 2011 and offers US customers an offshore gambling resort with a rather modern look and lucrative promotions, enjoying a limited market and lenient laws. However, it also holds many risks for players one needs to learn before even considering it.

With lack of suitable licenses, there is no real control over the bookie and we thus cannot suggest making an account here, but let’s now take on a detailed GTbets review to learn what the sportsbook is all about and the actual reasons why it should be avoided by the US players.

Is GTbets Legit? Why not Play Here

GT sports betting has gone a long way to please US players with a number of promotions closely connected to US sports and leagues, which makes it a rather unique sportsbook with pioneering promos. However, this could be distracting and misleading as players get a feeling this is a US-based gambling site, while it holds no necessary licenses to operate in the States and is based in Curacao.

Indeed, sports betting books have been in the focus of online controversy as offshore betting companies enjoyed a limited market with no great possibilities for American players over the years. This has been slowly changing and the lenient gambling laws have now allowed prominent bookies to ask for online licenses in many states – most prominently New Jersey and Nevada – which has affected the development of the market.

While the offshore online casino operators still offer US players access to their sportsbook, with legal alternatives and renowned companies moving into the market come increased choices – which could soon see a halt in the offshore business. The state-licensed bookies offer high-quality service with a guarantee of fair play and player safety, regulated by government agencies such as Division of Gaming Enforcement.

GTbet, among others, can give no such guarantee and this means there is no real promise or transparency when it comes to user data, fund safety, instruments ensuring fair play, or taxing. Indeed, the offshore sportsbooks seemingly offer quality service but act as the sole judge and jury in all circumstances, including possible conflicts over players' issues - which cannot instill confidence regardless of their reputation.

The possibility of seeing any offshore operator closed at any given time is very real and feels like an axe hanging over one’s head, giving an overwhelming feeling of increased risks when dealing with such companies as it could prove a real problem to claim your funds in such circumstances.

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GTbets Scam or Not: Salient Features in Check

While this immediately means US players should avoid GT bet and any other offshore bookie out there at all cost, we will still give a brief overview of the operator to better understand its salient features and get a grasp of the dangers involved – which outvie the good things more often than not.

Betting Offer: A Decent Coverage

As said, the betting offer at Gets bet is largely pointed towards pleasing the US market, where all major sporting events get coverage in a base of categories such as baseball, football, hockey, basketball and many others. There is some International coverage too, mainly focused on soccer, rugby, and e-sports. The operator also boasts their fantasy football section but still lack depth for players only focusing on International events.

Betting Odds: Competitive Odds Offered

GTbets sportsbook brings players competitive odds we've gotten used to seeing with offshore companies, but can often feel behind with times when they're posted ahead of the events. Interestingly, this also goes for fantasy football where the juice stands at -120 just as with the many props.

Bonuses: Various Bonuses Offered

GTbets bonus consists of two deposit bonuses, where you get a match first deposit bonus of up to USD 500 as well as a 50% second deposit bonus of up to USD 250, with a 5x wagering requirement and a minimum eligible deposit of USD 35. The bonuses are not available for depositors using Skrill and Neteller – where the provider gets a little vague and advertises a single 50% bonus where players should contact customer support to claim it.

This bodes well among the offshore competitors but still feels a long way behind the state-licensed casinos and bookies, who often get players better welcome packs including free money and bigger match deposit bonuses.

Payment Methods: Big Fees on Non-Bitcoin Transfers

The deposit options include a number of different options but get limited for US players, which is against a limiting factor. Players can use Bitcoin, VISA, MasterCard, American Express, and gift cards to deposit money but the GTbets withdrawal options are even more restricting – especially at the sole start.

Indeed, withdrawals take fees and management needs to approve players’ requests to do so via Bitcoin, Direct Cash, Quick Cash, or Back2Card, which adds to the unwanted suspense and unpredictability when one wants to take their money out.  Otherwise, GTbets bank wire is available and takes a big fee of USD 60.

Usability: Slow at Times

GTbets app looks slick and boasts a modern design with big pictures and easy controls through a dropdown menu on the left, as well as all important links at the bottom of the page. However, this seemingly comes costly as the website can feel sluggish on occasions, which is literally unacceptable especially with live betting and cash outs.

Customer Support: Varying User Experiences

The customer support is easily accessible on the website, with a Contact Us form in shape of a drop-down which links players to a number of different channels available. There’s one call center telephone line available through most part of the day, Live Chat option which is online 24/7, as well as a number of e-mail addresses for different purposes.

While the CS offers different approaches, many reviews for GTbets have seen a mixed bag of opinions on their professionalism, friendliness, speed, numbers of knowledgeable agents, and more. We have also seen the live chat inexplicably unavailable at certain points, which can be worrying for some players.

GTbets Legal Issues: The USA and Its Changing Laws

Completing a detailed GTbets sportsbook review is impossible without questioning is GTbets legal, which holds no simple answer and asks for a closer look at the US laws and regulations. The offshore operator holds no license to operate in the United States but still accepts US players, using loopholes and working in a grey area to provide such services.

GT sportsbook thus works as the sole arbitrator when it comes to issues with players from the United States, which comes as a worrying factor for more experienced players who have had such contacts with operators before – knowing well the customer support often only works to protect the interest of the company.

The changing laws have now allowed the players with legal alternatives, where many renowned companies opened online businesses with proper licenses to better satisfy the customers' need to take their gambling on the go or from the comfort of their home.

This brings on a question of how long it takes for the government to start controlling the market strictly, which could see the offshore operators shut down or blacklisted and prosecuted. While there have been no player prosecutions yet, this also holds dangers for player data and funds in such circumstances – which could be unretrievable if such a scenario.

Is GTbets Illegal Already: Top 5 FAQ Asked By Players

GTbets is not illegal to play just yet only because the government agencies don’t pursue individual players, as the operator uses loopholes to offer service to US players – which could soon come to an end.

The deposit and withdrawals for US players are very limited, which adds to the overwhelming feeling of insecurity. The options include Bitcoin, debit cards, Direct Cash, Quick Cash, and Back2Card.

Yes, the age of majority with the bookie is 21 and you have to be at least 21 to be able to place bets, which is only requested as info need to authorize withdrawals.

Odds vary and can be better at GTbets on some occasions, as the bookie has no fees or US taxes to cater and can allow players an edge in that sense. However, this is not always true and requires further investigation for certain events.

Yes, US players are obligated to pay taxes on any winnings by gambling laws, regardless of the operator they’ve made bets with and their potential incentives to avoid it by using alternative payment methods.

Verdict: Staying Safe Key to Online Gambling
GTbets has been offering US players an alternative online gambling experience when there were still few legal opportunities, which largely increased their player base and popularity. However, we are strongly opposed to gambling with offshore companies and the truth is the dangers of doing so exceed the potential rewards by far.

Legal alternatives are now many and you can always pick from one of the state-licensed bookies, who offer industry-standard and quality service when it comes to safety, betting offer, better bonuses, and great customer care. Hopefully, the legislation changes will continue and players will get access to such service country-wide in the near future.

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